The majority of jobs in Maples information technology department will be relocated outside of the Cayman Islands over the next six to nine months as an efficiency measure, according to officials with Cayman’s venerable law firm.
The move may create some job redundancies, but certain roles are being relocated to the United Kingdom as well as Montreal. According to a Maples press release, the five Caymanian employees affected by the move are being offered relocation.
A communications note sent to Maples employees this week stated that 15 ‘roles’ will be moved from Cayman to Leeds in England, and another three will be moved to Montreal. Some eight to 10 IT staff will remain in Cayman.
There was no mention of how many workers were being made redundant, but the entire IT support staff at Maples is approximately 55 people.
The move represents an attempt by the firm to centralise its IT operations for its offices all over the globe, and the firm noted that many other international companies have chosen to centralise their IT/computer service operations.
‘The majority of the global IT services will move to the UK,’ the Maples communications note read. ‘This will include software development, global operations and global operations support.’
‘The majority of Maples staff are now located in offices outside the Cayman Islands. Although Cayman remains our largest office, IT support must…be provided from a location that is in a central time-zone so that all offices receive support during their working day.’
The statement made no firm commitments as to whether other Maples support departments might move to the UK. It also said nothing about attorneys in the firm’s financial and corporate services operations.
‘We may review all support groups to establish whether there is a business case and opportunity for similar moves. However, there are no firm decisions.’
Maples officials said the business case for the move to Leeds has been under consideration for some time, and was largely assented to because of the UK’s central location, resources, and the lower cost of doing business in Leeds when compared to London, which is the UK’s largest financial centre.
The company stressed in its statements that immigration and work permit issues were not central when considering the move.
‘Although some issues with work permit renewals acted as the catalyst for considering relocating key staff, immigration is not the issue,’ the communications note read.
Maples Chief Information Officer Andy MacLusky said in a company press release that it was inevitable that IT services would be moved from Cayman to Europe at some point.
‘In the current economic climate, it is even more important to focus on the way we deliver services efficiently,’ Mr. MacLusky said.